Intesa San Paolo officially joins First Home scheme

Intesa San Paolo has signed the agreement with National Guarantee Fund for Small and Medium Enterprises (FNGCIMM) for “First Home” scheme and is currently hammering out the final points of internal regulations for the new loan product, the bank said.

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Intesa San Paolo Bank’s offer under “First Home” program is designed to all natural persons aged between 18 and 70. The loan is available both in lei and euro with a maximum period of 30 years.

The interest rate for loans in euro is set at three-month Euribor plus 3.97% and afferent fees. The annual percentage rate estimated for loans in euro is 5.62%, according to the press release issued by the bank.

For loans in lei, the interest rate is set at three-month Robor plus 2.47 percentage points and the afferent fees charged by the bank. The annual percentage rate for loans in lei is 14.01%.

One of the characteristics of the loan offered by Intesa San Paolo Bank under “First Home” scheme is the indebtedness level of 62%, while the maximum ceiling of the bank is up to 95% of the home value.

Apart from the loans under “First Home”, Intesa San Paolo offers mortgage loans in euro at an interest rate for July of 8.01% (APR: 8.54%), and in lei at an interest of 13.68% (APR: 14.91%)